Abercrombie & Fitch Co. (NYSE:ANF) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 24.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,838 shares of the apparel retailer’s stock after purchasing an additional 7,267 shares during the period. Victory Capital Management Inc.’s holdings in Abercrombie & Fitch were worth $5,154,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its stake in Abercrombie & Fitch by 6.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock valued at $150,000 after acquiring an additional 65 shares during the last quarter. Chartwell Investment Partners LLC boosted its stake in Abercrombie & Fitch by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock valued at $1,322,000 after acquiring an additional 74 shares during the last quarter. Atria Investments Inc boosted its stake in Abercrombie & Fitch by 5.4% during the 3rd quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock valued at $219,000 after acquiring an additional 80 shares during the last quarter. Sage Rhino Capital LLC lifted its position in shares of Abercrombie & Fitch by 5.5% in the 2nd quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock worth $301,000 after buying an additional 89 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in shares of Abercrombie & Fitch by 3.6% in the 2nd quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock worth $583,000 after buying an additional 115 shares during the last quarter.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $152.00 on Friday. Abercrombie & Fitch Co. has a one year low of $72.13 and a one year high of $196.99. The company has a 50-day moving average of $142.72 and a two-hundred day moving average of $152.96. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 16.10 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.14 by $0.36. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. Analysts anticipate that Abercrombie & Fitch Co. will post 10.35 earnings per share for the current year.

Wall Street Analyst Weigh In

ANF has been the topic of a number of analyst reports. Jefferies Financial Group increased their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, August 30th. UBS Group lifted their price objective on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Finally, Morgan Stanley decreased their target price on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $177.43.

Insider Buying and Selling

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the sale, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. The trade was a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the sale, the chief financial officer now owns 106,455 shares of the company’s stock, valued at $15,627,594. This trade represents a 7.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,541 shares of company stock worth $4,310,256. 2.58% of the stock is owned by company insiders.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.